Tax & Accounting Blog

Author: PEG O’CONNOR, MIN YU, MARIA MARTINEZ, JOSE MURILLO, AND CRAIG HILLIER The authors are members of Ernst & Young LLP’s International Tax Services group based in London and Washington DC. The views expressed in this column are solely the authors’ and do not necessarily reflect those of Ernst & Young LLP. On 6/24/16, the … Read More

Author: ROBERT RIZZI is a tax partner at Steptoe & Johnson LLP in Washington and New York. When the “final” debt-equity regulations under Section 385(a)1 were withdrawn in 1982, 2 there were few regrets.3 Indeed, probably only two tax practitioners were truly distraught by the government’s decision to abandon the … Read More

Tax refund fraud is serious business. In 2016 alone, tax refund fraud is expected to escalate to $21 billion. In the past four years, the IRS blocked about $62 billion worth of fraudulent tax returns, says Geno Salo, senior director, Government and Regulatory, at Thomson Reuters. The Federal Trade Commission (FTC) estimates that as many … Read More

A bi-partisan bill aimed at simplifying state income tax requirements for employees who work multiple days per year outside their state of residence is gaining momentum in Congress. The passage of this bill, known as the Mobile Workforce State Income Tax Simplification Act of 2015, would provide long-overdue relief for employers and employees … Read More

Over the past two years, two landmark U.S. Supreme Court rulings involving same-sex marriage—Windsor and Obergefell—have changed the legal landscape for millions of Americans. These long-anticipated rulings have given same-sex couples the right to marry and have their marriage recognized in every state. With these rulings comes equal tax treatment, the implications of which are … Read More